Agree, Spylord. The reserves estimates by the previous management borders on criminal. I suspect Yeager seriously believed that the oil was there and with his expertise he just needed to re-engineer the company to extract it (the oil) more efficiently. Promising to double the share price within 12 months has done him no favours. What I would like to see soon is for the company to articulate how it will manage operations if the current POO is sustained for a considerable period of time.
FDM Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held